Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander

Exercise 11

What effect will each of the following have on the market labor demand for a specific type of labor
a. An increase in product demand that increases product price.
b. A decline in the productivity of this type of labor.
c. An increase in the price of a gross substitute for labor.
d. A decline in the price of a gross complement for labor.
e. The demise of several firms that hire this labor.
f. A decline in the market wage rate for this labor.
g. A series of mergers that transforms the product market into a monopoly.